Bill Text: CT SB00329 | 2015 | General Assembly | Introduced

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Bill Title: An Act Concerning A Manufacturing Scholarship Tax Credit.

Spectrum: Partisan Bill (Republican 2-0)

Status: (Introduced - Dead) 2015-02-11 - Public Hearing 02/19 [SB00329 Detail]

Download: Connecticut-2015-SB00329-Introduced.html

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General Assembly		Proposed Bill No. 329
January Session, 2015		LCO No. 1392
		*01392*
Referred to Committee on COMMERCE
Introduced by:
SEN. FASANO, 34th Dist. SEN. WITKOS, 8th Dist.

AN ACT CONCERNING A MANUFACTURING SCHOLARSHIP TAX CREDIT.

Be it enacted by the Senate and House of Representatives in General Assembly convened:

That the general statutes be amended to establish a tax credit for any person or entity that provides scholarship funds to support students seeking a degree that results in qualification for a manufacturing job with a business identified in NAICS classification sectors 313 to 33999, inclusive. Additionally, the amount of the tax credit for each donor will equal (1) fifty per cent of the amount donated up to a maximum of two hundred fifty thousand dollars, or (2) one hundred per cent of the amount donated up to a maximum of five hundred thousand dollars for scholarships that target students from municipalities with a population over fifty five thousand. The total amount of manufacturing scholarship tax credits shall be capped at three million dollars per year.

Statement of Purpose:

To promote degrees in manufacturing and educational opportunities for city students by establishing a manufacturing scholarship tax credit.